Personnel Change

May 3, 1986

MONTREAL — Paul Desmaris has stepped down as chairman of Power Financial Corp. ''You know I'm getting to an age where I have to look after myself,'' the 59-year- old financier said. ''I've got to get out of the way a little bit and let the other guys take on more responsibility.'' However, he laughed when asked about possible retirement. He remains chairman of Power Corp. of Canada, parent company of Power Financial. Desmaris began his business climb in 1950 when he salvaged a debt-ridden Ontario bus company.